YOU ARE INVITED! ACC members to meet with CFPB

ACC and its FInancial Services Committee are pleased to announce an ACC-members only regulator meeting with the Consumer Financial Protection Bureau (CFPB).  Borne from the 2010 Dodd-Frank law, the CFPB is charged with implementing and enforcing consumer financial law.  With almost two years under its belt, a growing staff of 1200, and a reputation for issuing significant complex regulations timely, the agency has also been embroiled in some difficult questions regarding ACC’s core advocacy issues: confidentiality and attorney-client privilege.

Join us in Washington, DC, on Thursday, July 18, 2013, from 10 am to 3 pm to discuss and get clarification on the hot-button issues.  The day will begin with a preparatory and networking luncheon, followed by an intimate two-hour session with CFPB officials at their offices.  Agenda topics include:

1.    Attorney Client Privilege and the CFPB guidance that seemingly limits the privilege for in-house counsel at regulated financial institutions;
2.    CFPB Guidance vs. Formal Rulemaking (Ex.- CFPB Bulletin 2012-03 re: Vendor Management and Oversight);
3.    CFPB Exams including issues surrounding presence of enforcement counsel as members of Exams;
4.    CFPB Investigations and data collection requests to financial institutions; and
5.    Confidentiality and Non-Disclosure Issues, including FOIA.

Space is limited and filling quickly.  Please reserve your seat now!  Email terrell@acc.com if you are interested in attending.

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